How To Convert Bitcoin To Hard Cash

[kumar jabodah]

Hi, Whats the best way to convert Bitcoin into real money
As  i from South Asian countries  where Bitcoin is banned and illegal
Than whats the best and effective way to cash my bitcoin into real money ?

  Please do advise me,Thank you 

There are many ways for you to convert bitcoins to hard cash. It can also be sold to people, at local bitcoins you can sell the case just because you do not know because you do not know the people you are dealing with so you should be careful. And if you live in the Philippines you can download Coins.ph and just pass the ID and you can withdraw it at Security Bank or at Rementance centers

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[SummerBliss]

I think you should use the strategy that most of the Chinese people are using. They have moved away from government backed institutions to Peer to Peer exchange. So, the involvement of Government has been bypassed and they are having one on one interactions. Although it is not as secure as government transactions are, but this certainly enables them to use Bitcoin as a currency. Apart from that most of the people who were dealing in bulk have already moved out of China to Hong Kong, which is considered a very bitcoin friendly country and have been operating in full force from there. If moving out of country or opening a bank account in a foreign country is not an option for you, you can start by selling your tokens on this forum under the lending section. You will find people who would exchange your BTC for money on PayPal.

[Dudeperfect]

Bitcoin is another form of money so ideally, you don't have to convert it into the fiat currency to spend it. However, we have to cash out Bitcoins because we don't have the crypto friendly market environment as of now in most of the countries. The best way I know it to find a domestic exchange or a reputed trader on Localbitcoins and trading through that way. You can decide your convenient payment method while buying or selling Bitcoins.

[Wicked17]

Hi, Whats the best way to convert Bitcoin into real money
As  i from South Asian countries  where Bitcoin is banned and illegal
Than whats the best and effective way to cash my bitcoin into real money ?

  Please do advise me,Thank you 

Are you from what country? Im also from asian countries which is philippines but bitcoin is legal here and i can easily convert my bitcoin into hard cash or fiat money using coins.ph apps. There are many other ways like finding a buyer of bitcoin and do a meet ups, or sell it in an exchange website.

[crazy-pilot]

Now days convert bitcoin to hard cash is very easy you could use exchange service which cost about 10% or use epayments which cost about 4% and cashout your crypto from ATM.

[Ayaancool]

Hi, Whats the best way to convert Bitcoin into real money
As  i from South Asian countries  where Bitcoin is banned and illegal
Than whats the best and effective way to cash my bitcoin into real money ?

  Please do advise me,Thank you 

You can earn fiat money through transacting it to someone that willing to pay in your fiat currency.Otherwise now a days there is a lot more websites that helps you to transfer your bitcoin in to fiat money. Don't worry everything is possible.

[babygun]

I don't know if you have access to kraken.com, if yes this is a great site to deposit your bitcoin and convert it into cash. Other websites which have been mentioned here (such as localbitcoins) also do the truc, but fees are higher there.

[Geraico]

Find a local bitcoin point there you can sell or look for different sites where you can convert your bitcoin but be carefull...

[Iamdavid]

i convert bitcoin to cash by sending into my luno and then move to my local bank account which easily i can withdraw when in need of cash and this is because bitcoin is active in my country

[Dapper]

Bitcoin debit cards. 

[senne]

i convert bitcoin to cash by sending into my luno and then move to my local bank account which easily i can withdraw when in need of cash and this is because bitcoin is active in my country

See, you are stating your point of view here but in OP the question is if country bans bitcoin. In that case I believe it will be very difficult to manage things and you may need to move to a better country, I believe. But I think there is a way like meeting and selling which will end the concept of anonymity and will involve risk of your life. According to me one of the solution is selling them for PayPal cash and then redeeming in your bank.

[BountyX]

Either you can use Localbitcoins and meet someone to exchange bitcoins with cash or you can change on an exchange like Coinbase or Kraken and have the money wired to your bank - if that is something that you can do in your country.

[raymnt]

As long as LocalBitcoins isn't banned in your country I think you should be able to do it whether they ban btc or not.

[obinine]

Since its ban in your country...i will suggest you find an individual buyer who is willing to pay u in fiat...or find or create an escrow group in your country and transact among each other. You can also make use of local bitcoin which will easily connect you to someone in your country who is in need of your coin.  Login to localbitcoin.com to sell off your coin for fiat.